Back

Philippine Coconut Producers Federation, Inc. (COCOFED) vs. Republic of the Philippines (Resolution)

PHILIPPINE COCONUT PRODUCERS FEDERATION, INC. (COCOFED), MANUEL V. DEL ROSARIO, DOMINGO P. ESPINA, SALVADOR P. BALLARES, JOSELITO A. MORALEDA, PAZ M. YASON, VICENTE A. CADIZ, CESARIA DE LUNA TITULAR, and RAYMUNDO C. DE VILLA, Petitioners, versus REPUBLIC OF THE PHILIPPINES, Respondent. / JOVITO R. SALONGA, WIGBERTO E. TANADA, OSCAR F. SANTOS, ANA THERESIA HONTIVEROS, and TEOFISTO L. GUINGONA III, OPeopleositors-Intervenors.

G.R. Nos. 177857-58 | 2009-09-17

R E S O L U T I O N

VELASCO, JR., J.:

For consideration is the Urgent Motion to Approve the Conversion of the SMC Common Shares into SMC Series 1 Preferred Shares dated July 24, 2009 (Motion) interposed by petitioners Philippine Coconut Producers Federation, Inc., et al. (collectively, COCOFED). COCOFED seeks the Court's approval of the conversion of 753,848,312 Class "A" and Class "B" common shares of San Miguel Corporation (SMC) registered in the names of Coconut Industry Investment Fund and the so-called "14 Holding Companies" (collectively known as "CIIF companies") into 753,848,312 SMC Series...